investment - TediDev

Google has become an investor in Mathpresso, a startup behind an AI-based educational application. Mathpresso, the Seoul-based edtech company behind QANDA, an AI-based learning app for K-12 students, announced it has added Google as a new investor. Google's undisclosed investment is not part of its Series C, raised in June, the company said, without providing its valuation. The additional investment event comes five months after its $50 million Series C round, which brought its total funding to $105 million in June. The company's previous backers include SoftBank Venture Asia, MiraeAsset Venture Investment, Smilegate Investment, Samsung Venture Investment Corporation, and Legend Capital. AI puts 11 African languages in front of neural network model South Korean start-up Mathpresso Mathpresso plans to create synergies with Google in terms of global market expansion and technological advancement. More than 85% of QANDA users are outside Korea, in Japan and Southeast Asia. The Seoul-based startup has offices in Tokyo, Hanoi, Jakarta and Bangkok and offers seven languages: English, Spanish, Korean, Japanese, Thai, Vietnamese and Indonesian. Mathpresso was founded in 2015 by co-CEOs Ray Lee and Jake Lee, who developed QANDA as a 1:1 Q&A service platform. In 2016, Mathpresso launched QANDA, which provides detailed mathematical solutions and personalized learning content adapted to the level of each user. QANDA's AI-powered Optical Character Recognition (OCR) technology, added in 2017, recognizes text and mathematical formulas in a photo and allows users to search for answers in seconds. Elon Musk wants proof $6 billion can solve world hunger Around 10 million photos are uploaded to the QANDA platform every day, according to the statement. The company says the QANDA app has amassed over 45 million registered users and 3 billion education data points, with over 12 million monthly active users in 50 countries. Mathpresso added new features to QANDA earlier this year, including the premium subscription model that offers unlimited byte-sized video micro-conferences and the community feature that enhances collaborative learning as a group of online study. "Google's investment opens exciting opportunities for Mathpresso and enhances our ability to serve students around the world," said Mathpresso CFO Soo Nahm. “Together with the recent Series C funding, this investment will help us accelerate our global market expansion and technology advancement. QANDA is available on Android, iOS and Web.

South Korean start-up Mathpresso adds Google as investor - 2021

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